Staying

Futures Falter Friday, But Finish Week North of $5

January natural gas futures made a new high for the second time in as many days on Friday, but the bulls lacked staying power as the prompt-month contract ended up closing the regular session at $5.163, down 13.5 cents from Thursday’s finish but 57.7 cents higher than the previous week’s finish.

December 14, 2009

RBS Sempra Commodities Nears Sale Amid Speculation

While the two partners are staying mum, active solicitation of potential buyers by an investment bank has stirred speculation that an announcement is coming soon on the European Commission-mandated sale of the Royal Bank of Scotland’s (RBS) 51% stake in a joint venture commodities trading operation with San Diego-based Sempra Energy. The U.S. energy holding company has made clear that it wants to remain in the highly lucrative trading space.

December 10, 2009

Weekend Rally Attributed Nearly Totally to Futures

Ignoring cooling load that was dwindling for the weekend in some areas and staying light to moderate at best in several other regions, the cash market relied almost entirely on the previous day’s futures spike in recording gains at a large majority of points Friday. Prices also were essentially unfazed by the drop of industrial demand in a weekend market.

July 20, 2009

Bulls Show Stamina Friday as Futures Finish Higher

Proving that Thursday’s explosion to the upside was less of an aberration than many had expected, the rally in natural gas futures showed some staying power Friday as the April contract closed at $4.227, up 5.3 cents from Thursday and 29.5 cents higher than the previous week’s finish.

March 23, 2009

Kitimat LNG Seeks Export Terminal Interest, Investors

As natural gas prices continue to decline in North America while staying resiliently high in Asia, Kitimat LNG Inc. said it is requesting formal expressions of interest from potential users of, and investors in, its proposed liquefied natural gas (LNG) export terminal at Bish Cove, BC.

December 1, 2008

Kitimat LNG Seeks Export Terminal Interest, Investors

As natural gas prices continue to decline in North America while staying resiliently high in Asia, Kitimat LNG Inc. said Tuesday it is requesting formal expressions of interest from potential users of, and investors in, its proposed liquefied natural gas (LNG) export terminal at Bish Cove, BC.

December 1, 2008

Softening Gas Prices Cut Well Totals in Canada

Softer natural gas prices are eroding Canadian well numbers, but western drilling rigs are staying busy as the industry switches to targets requiring more work including deep supplies to bank for future use.

July 31, 2006

Softening Gas Prices Cut Well Totals in Canada

Softer natural gas prices are eroding Canadian well numbers, but western drilling rigs are staying busy as the industry switches to targets requiring more work including deep supplies to bank for future use.

July 28, 2006

Cash Continues Big Gains Across the Board

With midweek heat staying fairly strong in nearly all areas — especially the West — and with extra support from a prior-day screen spike of nearly half a dollar, cash quotes again rose by sizeable double-digit amounts at all points Tuesday.

July 26, 2006

Market Gets Weaker; All Points See Double-Digit Drops

With air conditioning load staying on the relatively light side outside the desert Southwest, a 33.9-cent screen drop on Wednesday providing highly negative guidance, continued concerns over storage injection space dwindling quickly, and excess supply issues in the West, it was hardly surprising when the cash market experienced double-digit drops across the board Thursday.

July 7, 2006